Part 1 Advanced The Market Maker’s Exchange Checklist (Liquidity, Latency, and Risk Controls) Market makers and HFT desks: evaluate exchanges on execution quality, liquidity, latency, fees, margin, and security — with a WhiteBIT walkthrough. Open guide $500M BTC credit: Is Metaplanet proving crypto treasuries are momentum trades?
Bitcoin-backed buybacks don't de-risk a treasury stock, they turn it into a levered, flow-driven bet on Bitcoin and premium cycles that can supercharge rallies and magnify the fade.





































